Emperador Inc., the world’s largest brandy company, reported that it has submitted the necessary application documents for its planned Secondary Listing on the Main Board of the Singapore Exchange (SGX).
In a disclosure to the Philippine Stock Exchange, Emperador said the application is subject to review and approval of the SGX.
“Emperador submitted today the necessary application documents to the Singapore Exchange (SGX) for its planned secondary listing on the main board of the SGX,” said Emperador CEO Winston S. Co.
He added that, “This is a significant momentous event for Emperador. Singapore, one of the world’s major financial hubs, will provide a broader audience and greater access to international investors.”
Co noted that, “The eventual listing in Asia’s leading exchange will also provide a platform to showcase Emperador as a global spirits company.”
“This planned dual listing of Emperador in the Singapore Stock Exchange (SGX) should prove to be a good way to promote the Company’s global brands and products in an important, growing consumer market,” said PSE Chairman Jose Pardo.
He said “This dual listing bodes well, and is in fact timely, since SGX and PSE have started to work on a joint initiative to establish a PSE-SGX Connect whereby index stocks of PSE can be traded in SGX and vice versa.”
“Over the years, Emperador has established itself as a leading global spirits company with established footprint in over 100 countries and leading market positions in brandy and whisky,” said Co.
He noted that, “We believe that a Secondary Listing on the SGX will create stronger awareness of Emperador and its world-class brands, as well as increase our stock’s visibility and international investor participation reflective of our global operations and revenue.” The Company has appointed financial, legal and other necessary advisers to pursue the Secondary Listing.
Emperador is an integrated, global, leading manufacturer, bottler and distributor of brandy, Scotch whisky and other alcoholic beverages.
In 2020, the Company was the largest brandy producer in the world according to the International Wines and Spirits Research, one of the largest overall spirits producers in the Philippines according to the Nielsen Company.
It was also the fifth largest Scotch whisky manufacturer in the world based on total Scotch production capacity in 2020 (grain and malt liquids productions only) according to the Scotch Whisky Industry Review.
Emperador Inc. owns the multi-awarded Fundador Spanish Brandy de Jerez, having recently won the highest Platinum Award bestowed by the San Francisco World Spirits Competition, particularly for Fundador Supremo 18.
It also owns Whyte & Mackay, the world’s fifth largest Scotch whisky producer, which was recently recognized as ‘Distiller of the Year’ at the Icons of Whisky Scotland 2021.